Underbilling
Billing less than the work completed.
Underbilling can impact cash flow and financial reporting, leading to potential liquidity issues. It may result from errors in documentation or miscommunication with clients. Regular audits and reconciliations are essential to ensure accurate billing and financial health, allowing for timely corrections and maintaining trust with stakeholders.
Used in a sentence
Review the accounts to identify any underbilling issues before closing out the project.
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